MSP Recovery Files 8-K: Director Changes & Material Agreements

TL;DR

MSP Recovery (MSPR) filed an 8-K detailing director changes and new material agreements.

AI Summary

MSP Recovery, Inc. filed an 8-K on October 10, 2025, reporting on the entry into a material definitive agreement, the departure and election of directors, and the appointment of certain officers. The filing also includes financial statements and exhibits, with the date of report and change as October 7, 2025.

Why It Matters

This filing indicates significant corporate governance changes and the execution of important business agreements for MSP Recovery, Inc., which could impact its strategic direction and operational status.

Risk Assessment

Risk Level: medium — Changes in directors and officers, along with material definitive agreements, can signal shifts in company strategy or financial health, warranting closer scrutiny.

Key Numbers

• 20251007 — Report Date (The date the report was filed and the period of report.)
• 20251010 — Filing Date (The date the 8-K was officially filed with the SEC.)

Key Players & Entities

• MSP Recovery, Inc. (company) — Filer of the 8-K report
• Lionheart Acquisition Corp. II (company) — Former company name of MSP Recovery, Inc.
• Lionheart Acquisition Corp. (company) — Former company name of MSP Recovery, Inc.
• 0001193125-25-237069 (document_id) — Accession number for the filing

FAQ

Key Financial Figures

• $0.0001 — hich registered Class A common stock, $0.0001 par value per share MSPR Nasdaq Cap
• $50,312.50 — A common stock at an exercise price of $50,312.50 per share MSPRW Nasdaq Capital Mark
• $0.4375 — A common stock at an exercise price of $0.4375 per share MSPRZ Nasdaq Capital Mark
• $250.0 million — as the right to sell to Yorkville up to $250.0 million of its shares of common stock, subject
• $15.0 million — tes"), an aggregate principal amount of $15.0 million (the "Pre-Paid Advances"). In 2023, the
• $10.0 m — ille for a combined principal amount of $10.0 million, resulting in net proceeds of $9.
• $9.5 m — 0 million, resulting in net proceeds of $9.5 million, and in 2024 the Company issued a
• $5.0 m — to Yorkville in the principal amount of $5.0 million, resulting in net proceeds to the
• $4.8 million — lting in net proceeds to the Company of $4.8 million. Pursuant to a Supplemental Agreement
• $3.0 million — orm of Convertible Notes, an additional $3.0 million subject to the terms and conditions set
• $3.0 m — ille for a combined principal amount of $3.0 million, resulting in net proceeds to the
• $2.8 million — lting in net proceeds to the Company of $2.8 million. On October 10, 2025, in connection w
• $1.0 million — vances then outstanding does not exceed $1.0 million. Yorkville, in its sole discretion, m
• $1.20 — the Convertible Notes was changed from $1.20 to $1.00 per share. Item 5.02. Depart
• $1.00 — ertible Notes was changed from $1.20 to $1.00 per share. Item 5.02. Departure of Di

Filing Documents

• mspr-20251007.htm (8-K) — 71KB
• mspr-ex10_1.htm (EX-10.1) — 53KB
• 0001193125-25-237069.txt ( ) — 299KB
• mspr-20251007.xsd (EX-101.SCH) — 61KB
• mspr-20251007_htm.xml (XML) — 8KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Yorkville Second Supplemental Agreement As previously disclosed, on November 14, 2023, the Company entered into the Standby Equity Purchase Agreement (the "SEPA") with YA II PN, LTD, a Cayman Islands exempt limited partnership ("Yorkville") pursuant to which the Company has the right to sell to Yorkville up to $250.0 million of its shares of common stock, subject to certain limitations and conditions set forth in the SEPA, from time to time during the term of the SEPA. In connection with the SEPA, and subject to the terms and conditions set forth therein, Yorkville initially agreed to advance to the Company, in the form of convertible promissory notes (the "Convertible Notes"), an aggregate principal amount of $15.0 million (the "Pre-Paid Advances"). In 2023, the Company issued two Convertible Notes to Yorkville for a combined principal amount of $10.0 million, resulting in net proceeds of $9.5 million, and in 2024 the Company issued a third Convertible Note to Yorkville in the principal amount of $5.0 million, resulting in net proceeds to the Company of $4.8 million. Pursuant to a Supplemental Agreement dated June 26, 2025, Yorkville agreed to advance to the Company, in the form of Convertible Notes, an additional $3.0 million subject to the terms and conditions set forth in the SEPA. During 2025, the Company issued five Convertible Notes to Yorkville for a combined principal amount of $3.0 million, resulting in net proceeds to the Company of $2.8 million. On October 10, 2025, in connection with the SEPA, and subject to the terms and conditions set forth therein, the Company and Yorkville entered into a second Supplemental Agreement (the "Second Supplemental Agreement"), whereby Yorkville agreed to advance to the Company, in the form of Convertible Notes, additional funding of up to $3.0 million, from time to time in such amounts as the Company and Yorkville may mutually agree, and subject to the sati

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Yorkville Second Supplemental Agreement dated October 10, 2025 104 Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MSP R ECOVERY , I NC . Dated: October 10, 2025 By: /s/ Francisco Rivas-Vasquez Name: Francisco Rivas-Vasquez Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR